Landmark Cars Q2FY27 Proforma Revenue Surges 17.26% YoY to ₹1,943 Crore
Landmark Cars Limited reported record proforma revenue of ₹1,943 crore in Q2FY27, up 17.26% YoY. H1FY27 revenue rose 19.59% to ₹3,675 crore. The company partnered with OLX India for a pre-owned car platform and anticipates strong festive season sales despite Gujarat floods.
The announcement details record revenue figures, strategic partnerships, and future growth drivers, which are significant factors that can influence investor perception and stock performance.
The company reported record-breaking revenue for the quarter and half-year, indicating strong business performance and growth. The strategic partnership and positive outlook for the festive season further contribute to a positive sentiment, despite a mention of regional impact from floods.
Landmark Cars Limited announced a significant business update for the quarter and half-year ended September 30, 2026. The company achieved its highest-ever quarterly and half-yearly proforma revenue from operations, reaching ₹1,943 crore for Q2FY27, a 17.26% year-on-year increase from ₹1,657 crore in Q2FY26. For the half-year ended September 30, 2026 (H1FY27), proforma revenue stood at ₹3,675 crore, up 19.59% from ₹3,073 crore in H1FY26.
The revenue growth was driven by outlet ramp-up and stabilization. While H1 is seasonally weaker, business activity is expected to gain momentum during the festive period, which started in October this year compared to September last year. New launches from partner OEMs across premium, luxury, and EV segments, including the Kia Sorento, MG Hector Tomahawk, and BYD Sealion 7 Dynamic, are set to commence full-scale deliveries from October. Key upcoming launches include the India-made Mercedes-Benz GLC EV and BYD's luxury brand Denza, along with improved availability of the Mercedes-Benz CLA EV.
In a strategic move, Landmark Cars partnered with OLX India to create an integrated phygital pre-owned car platform. This collaboration aims to combine OLX India's digital reach with Landmark's physical retail network for an enhanced car buying and selling experience.
However, significant flooding in Gujarat during Q2FY27 impacted business operations, affecting new vehicle sales and after-sales activities in the region. Despite this, the company remains optimistic about the festive season and expects to enter H2 on a strong footing, supported by a healthy pipeline of customer enquiries and bookings, while remaining mindful of interest rate hikes and evolving macroeconomic conditions. The disclosed information is provisional on a consolidated basis and subject to a limited review by the statutory auditors.
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Landmark Cars Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Landmark Cars Limited. Read the original for the full detail.